BlackRock’s IBIT ETF has generated $245 million in fee revenue within just 435 days, and this makes it the most profitable ETF for BlackRock right now. The spot Bitcoin ETF actually achieved profitability faster than any fund in history, even outpacing major ETFs that took years to reach similar milestones. Bitcoin ETF inflows and strong institutional demand were credited with driving this record-breaking performance.

How BlackRock IBIT ETF Sets Records With Bitcoin ETF Inflows

The BlackRock IBIT ETF was launched in early 2024 and quickly became the most profitable ETF in BlackRock’s lineup. Bloomberg Intelligence analyst Eric Balchunas also noted the fund’s remarkable trajectory on social media, and his observations have been widely shared across the industry.

Balchunas stated:

“$IBIT a hair away from $100 billion, is now the most profitable ETF for BlackRock in a good year based on current run rates. Check out the ages of the rest of the Top 10. Absurd.”

The fund reached this milestone significantly faster than established ETFs, actually. The Vanguard S&P 500 ETF took 2,011 days, while iShares Core MSCI EAFE also needed 2,208 days to achieve comparable results. Even the iShares Core MSCI Emerging Markets ETF required 3,203 days to hit the same mark.

Nate Geraci, who serves as president of The ETF Store, highlighted the historic nature of this achievement:

“World’s largest ETF, Vanguard S&P 500 ETF, took 2,000+ days to hit that mark. IBIT about to do it in < 450 days. Easily fastest ever. First ETF launched in 1993, so we're talking 30+yrs of history."

Also Read: BlackRock Generates $260 Million Annual Revenue With Bitcoin & Ethereum ETFs

Strong Market Performance Fuels Growth

The inflows of Bitcoin ETFs increased when Bitcoin reached new all-time highs, and Bitcoin ETF spot structure attracted institutional investors to obtain a regulated exposure to the cryptocurrency markets. Flows of up to $3.3 billion were also recorded weekly at high times, and the BlackRock IBIT ETF succeeded in taking a huge portion of the flows.

Balchunas also reported on the broader market momentum:

“Bitcoin hit ATHs last night after the ETFs went wild last week with +$3.3b in a week, $24b for month, rank 3rd and 4th overall and now $60b lifetime (new high obviously) and $36b year (also notable $IBIT and $FBTC +$10b for month).”

The ETF fee revenue generated by BlackRock IBIT ETF is something to behold. It also reflects both substantial asset growth along with consistent investor demand for Bitcoin exposure through traditional investment vehicles. At the time of writing, the fund continues to dominate the Bitcoin ETF market.

Also Read: BlackRock Seeks Bitcoin Yield With New Premium Income ETF